MGP Ingredients (MGPI) 10-Q 7 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	MGP INGREDIENTS INC
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		17,674,559
Amendment Flag	FALSE
Entity Central Index Key	835011
Entity Filer Category	Accelerated Filer
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Income Statement [Abstract]
Sales	$84,864		$84,582
Less: excise taxes	4,451		5,586
Net sales	80,413		78,996
Cost of sales	67,025	[1]	72,195	[1]
Gross profit	13,388		6,801
Selling, general and administrative expenses	6,480		5,072
Income from operations	6,908		1,729
Interest expense, net	-131		-197
Equity method investment earnings	1,352		3,334
Income before income taxes	8,129		4,866
Provision for income taxes	3,059		81
Net income	5,070		4,785
Other comprehensive loss, net of tax	-72		-175
Comprehensive income	$4,998		$4,610
Basic and diluted earnings per share (in usd per share)	$0.28		$0.26
Dividends and dividend equivalents per common share (in usd per share)	$0.06		$0.05
[1]	Includes related party purchases of $9,292 and $7,132 for the quarters ended March 31, 2015 and 2014, respectively. See Note 2. Equity Method Investments.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Cost of sales, related party transactions	$9,292	$7,132

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets
Cash and cash equivalents	$6,391	$5,641
Receivables (less allowance for doubtful accounts: March 31, 2015 - $12; December 31, 2014 - $12)	32,866	32,672
Inventory	37,654	34,441
Prepaid expenses	1,743	1,179
Deferred income taxes	6,524	7,924
Refundable income taxes	0	388
Total current assets	85,178	82,245
Property and equipment	202,850	198,176
Less accumulated depreciation and amortization	-137,306	-134,295
Property and equipment, net	65,544	63,881
Equity method investments	13,673	12,373
Other assets	2,192	2,100
Total assets	166,587	160,599
Current Liabilities
Current maturities of long-term debt	2,567	2,613
Accounts payable	16,539	16,076
Accounts payable to affiliate, net	4,018	3,333
Accrued expenses	7,848	8,010
Income taxes payable	574	0
Other current liabilities	725	716
Total current liabilities	32,271	30,748
Long-term debt, less current maturities	7,652	7,670
Revolving credit facility	14	0
Deferred credit	3,939	4,099
Accrued retirement health and life insurance benefits	4,305	4,420
Deferred income taxes	9,924	9,297
Total liabilities	58,105	56,234
Commitments and Contingencies (Note 4)
Capital stock
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares	4	4
Common stock
No par value; authorized 40,000,000 shares; issued 18,115,965 shares at March 31, 2015 and December 31, 2014, and 17,674,559 shares outstanding at March 31, 2015 and December 31, 2014	6,715	6,715
Additional paid-in capital	10,109	9,904
Retained earnings	93,437	89,454
Accumulated other comprehensive loss, net of tax	-803	-732
Treasury stock, at cost
Shares of 441,406 at March 31, 2015 and December 31, 2014	-980	-980
Total stockholders’ equity	108,482	104,365
Total liabilities and stockholders’ equity	$166,587	$160,599

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Receivables allowance for doubtful accounts	$12	$12
Preferred stock, par value (in Dollars per share)	$10	$10
Preferred stock, shares authorized (shares)	1,000	1,000
Preferred stock, shares issued (shares)	437	437
Preferred stock, shares outstanding (shares)	437	437
Preferred stock, percentage non-cumulative (percent)	5.00%	5.00%
Common stock, par value (in Dollars per share)	$0	$0
Common stock, shares authorized (shares)	40,000,000	40,000,000
Common stock, shares issued (shares)	18,115,965	18,115,965
Common stock, shares outstanding (shares)	17,674,559	17,674,559
Treasury stock (shares)	441,406	441,406

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows from Operating Activities
Net income	$5,070	$4,785
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:
Depreciation and amortization	3,091	3,042
Deferred income taxes	2,027	0
Share based compensation	205	149
Equity method investment earnings	-1,352	-3,334
Changes in Operating Assets and Liabilities:
Receivables, net	-194	-4,050
Inventory	-3,213	4,042
Prepaid expenses	-564	-942
Accrued income taxes	962	208
Accounts payable	819	-3,352
Accounts payable to affiliate, net	685	1,360
Accrued expenses	-1,248	-1,951
Deferred credit	-160	-155
Accrued retirement health and life insurance benefits and other noncurrent liabilities	-127	-214
Other	120	-230
Net cash provided by (used in) operating activities	6,121	-642
Cash Flows from Investing Activities
Additions to property and equipment	-5,030	-2,182
Net cash used in investing activities	-5,030	-2,182
Cash Flows from Financing Activities
Purchase of treasury stock	0	-104
Principal payments on long-term debt	-398	-384
Proceeds from revolving credit facility	1,086	14,776
Payments on revolving credit facility	-738	-14,321
Loan fees incurred with borrowings	-291	0
Net cash used in financing activities	-341	-33
Increase (Decrease) in cash and cash equivalents	750	-2,857
Cash and cash equivalents, beginning of year	5,641	2,857
Cash and cash equivalents, end of period	$6,391	$0

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement Of Changes In Stockholders' Equity (Unaudited) (USD $)		Total	Capital Stock Preferred	Issued Common	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
In Thousands, unless otherwise specified
Beginning Balance at Dec. 31, 2014		$104,365	$4	$6,715	$9,904	$89,454	($732)	($980)
Comprehensive income:
Net income		5,070				5,070
Change in pension plans, net of tax	[1]	-5					-5
Change in post employment benefits, net of tax	[1]	-15					-15
Change in translation adjustment on non-consolidated foreign subsidiary, net of tax		-51					-51
Dividends and dividend equivalents declared, net		-1,087				-1,087
Share-based compensation		205			205	0
Ending Balance at Mar. 31, 2015		$108,482	$4	$6,715	$10,109	$93,437	($803)	($980)
[1]	See Note 8. Employee Benefit Plans for amounts reclassified from Accumulated Other Comprehensive Loss.

Accounting_Policies_and_Basis_

Accounting Policies and Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Accounting Policies and Basis of Presentation	Accounting Policies and Basis of Presentation.
	MGP Ingredients, Inc. ("Company") is a Kansas corporation headquartered in Atchison, Kansas.  It was incorporated in 2011 and is a holding company with no operations of its own.  Its principal directly-owned operating subsidiaries are MGPI Processing, Inc. ("Processing") and MGPI of Indiana, LLC ("MGPI-I").  Processing was incorporated in Kansas in 1957 and is the successor to a business founded in 1941 by Cloud L. Cray, Sr. On January 3, 2012, MGP Ingredients, Inc. reorganized into a holding company structure (the "Reorganization") through a series of steps involving various legal entities. Prior to the Reorganization, Processing was named MGP Ingredients, Inc.
	Throughout the Notes to Unaudited Condensed Consolidated Financial Statements, when "the Company" is used in reference to activities prior to the Reorganization, the reference is to the combined business, Processing (formerly MGP Ingredients, Inc.) and its consolidated subsidiaries, and when "the Company" is used in reference to activities occurring after the Reorganization, reference is to the combined business of MGP Ingredients, Inc. (formerly MGPI Holdings, Inc.) and its consolidated subsidiaries, except to the extent the context indicates otherwise.
	Basis of Presentation and Principles of Consolidation
	The accompanying unaudited condensed consolidated financial statements of the Company reflect all adjustments (consisting only of normal adjustments) which, in the opinion of the Company’s management, are necessary to fairly present the financial position, results of operations and cash flows of the Company.  All intercompany balances and transactions have been eliminated in consolidation.
	These unaudited condensed consolidated financial statements as of and for the year to date period ended March 31, 2015 should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission ("SEC").  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.
	Use of Estimates
	The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Inventory
	Inventory includes finished goods, barreled distillate, raw materials in the form of agricultural commodities used in the production process, work in process, and certain maintenance and repair items.  Whiskey and bourbon must be aged in barrels for several years, following industry practice; all barreled whiskey and bourbon is classified as a current asset. The Company includes warehousing, insurance, and other carrying charges applicable to barreled whiskey in inventory costs.
	Inventories are stated at the lower of cost or market on the first-in, first-out ("FIFO") method.  Inventory valuations are impacted by constantly changing prices paid for key materials, primarily corn. Inventory consists of the following:
			March 31,		December 31,
			2015		2014
	Finished goods		$	11,500	$	10,039
	Barreled distillate		12,199		11,114
	Work in process		2,089		2,023
	Raw materials		5,496		5,440
	Maintenance materials		5,232		4,913
	Other		1,138		912
	Total		$	37,654	$	34,441
	Equity Method Investments
	The Company accounts for its investment in non-consolidated subsidiaries under the equity method of accounting when the Company has significant influence, but does not have more than 50 percent voting control, and is not considered the primary beneficiary.  Under the equity method of accounting, the Company reflects its investment in non-consolidated subsidiaries within the Company’s Condensed Consolidated Balance Sheets as Equity method investments; the Company’s share of the earnings or losses of the non-consolidated subsidiaries are reflected as Equity method investment earnings in the Condensed Consolidated Statements of Comprehensive Income.
	The Company reviews its investments in non-consolidated subsidiaries for impairment whenever events or changes in business circumstances indicate that the carrying amount of the investments may not be fully recoverable. Evidence of a loss in value that is other than temporary include, but are not limited to, the absence of an ability to recover the carrying amount of the investment, the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment, or, where applicable, estimated sales proceeds which are insufficient to recover the carrying amount of the investment. If the fair value of the investment is determined to be less than the carrying value and the decline in value is considered to be other than temporary, an appropriate write-down is recorded based on the excess of the carrying value over the best estimate of fair value of the investment.
	Revenue Recognition
	Except as discussed below, revenue from the sale of the Company’s products is recognized as products are delivered to customers according to shipping terms and when title and risk of loss have transferred. Income from various government incentive programs is recognized as it is earned.
	The Company’s distillery segment produces unaged distillate and this product is frequently barreled and warehoused at a Company location for an extended period of time in accordance with directions received from the Company’s customers.  This product must meet customer acceptance specifications, the risks of ownership and title for these goods must be passed to the Company’s customers, and requirements for bill and hold revenue recognition must be met prior to the Company recognizing revenue for this product.  Separate warehousing agreements are maintained for customers who store their product with the Company, and warehouse revenues are recognized as the service is provided.
	Customer-paid freight costs are included in Sales and were $3,399 and $3,490 for the quarters ended March 31, 2015 and 2014, respectively.
	Recognition of Insurance Recoveries
	Estimated loss contingencies are recognized as charges to income when they are probable and reasonably estimable.  Insurance recoveries are not recognized until all contingencies related to the insurance claim have been resolved and settlement has been reached with the insurer.  Insurance recoveries, to the extent of costs and losses, are reported as a reduction to Cost of sales on the Condensed Consolidated Statements of Comprehensive Income.  Insurance recoveries, in excess of costs and losses, if any, are included in Insurance recoveries on the Condensed Consolidated Statements of Comprehensive Income.
	During October 2014, the Company experienced a fire at its Atchison facility.  Certain equipment in the facility's feed drying operations was damaged, but repairable, and the Company experienced a seven-day temporary loss of production. The Company reached final settlement with its insurance carrier to close this claim and received $460 of insurance recoveries that were recorded as a net reduction to Cost of Sales on the Condensed Consolidated Statements of Comprehensive Income for the quarter ended March 31, 2015.
	During January 2014, we experienced a fire at our Indiana facility.  The fire damaged equipment in our feed dryer house and caused a temporary loss of production in late January. This claim was settled with our insurance carrier in December 2014. Production volume variances, as well as out-of-pocket costs incurred through March 31, 2014 related to the fire were included as a net reduction to Cost of sales on the Condensed Consolidated Statements of Comprehensive Income for the quarter ended March 31, 2014.
	Income Taxes
	The Company accounts for income taxes using an asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.  A valuation allowance is recognized if it is more likely than not that at least some portion of the deferred tax asset will not be realized.
	Evaluating the need for, and amount of, a valuation allowance for deferred tax assets often requires significant judgment and extensive analysis of all available evidence on a jurisdiction-by-jurisdiction basis. Such judgments require the Company to interpret existing tax law and other published guidance as applied to our circumstances. As part of this assessment, the Company considers both positive and negative evidence about its profitability and tax situation. A valuation allowance is provided if, based on available positive and negative evidence, it is more likely than not that all or some portion of a deferred tax asset will not be realized.
	Accounting for uncertainty in income tax positions requires management judgment and the use of estimates in determining whether the impact of a tax position is "more likely than not" of being sustained. The Company considers many factors when evaluating and estimating its tax positions, which may require periodic adjustment and which may not accurately anticipate actual outcomes. It is reasonably possible that amounts reserved for potential exposure could change significantly as a result of the conclusion of tax examinations and, accordingly, materially affect the Company’s reported net income after tax.
	Earnings per Share
	Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends and dividend equivalents declared and participation rights in undistributed earnings.  Per share amounts are computed by dividing net income from continuing operations attributable to common shareholders by the weighted average shares outstanding during the period.
	Impairment
	The Company tests its long-lived assets and instruments for impairment whenever events or conditions and circumstances indicate a carrying amount of an asset may not be recoverable.  No events or conditions occurred during the quarter or year to date periods ended March 31, 2015 that required the Company to test its long-lived assets for impairment.
	Fair Value Measurements
	The fair value of an asset is considered to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The fair value hierarchy gives the highest priority to quoted market prices (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of inputs used to measure fair value are as follows:
	•	Level 1 - quoted prices in active markets for identical assets or liabilities accessible by the reporting entity.
	•	Level 2 - observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3 - unobservable inputs for an asset or liability. Unobservable inputs should only be used to the extent observable inputs are not available.
	The Company’s short-term financial instruments include cash and cash equivalents, accounts receivable and accounts payable.  The carrying value of the short term financial instruments approximates the fair value due to their short-term nature. These financial instruments have no stated maturities or the financial instruments have short-term maturities that approximate market.
	The fair value of the Company’s debt is estimated based on current market interest rates for debt with similar maturities and credit quality. The fair values of the Company’s debt were $10,301 and $10,297 at March 31, 2015 and December 31, 2014, respectively. The financial statement carrying value was $10,233 and $10,283 at March 31, 2015 and December 31, 2014, respectively.  These fair values are considered Level 2 under the fair value hierarchy.
	Dividends and Dividend Equivalents
	On February 27, 2015, the Board of Directors declared a dividend payable to stockholders of record as of March 26, 2015, of the Company's common stock, no par value ("Common Stock") and a dividend equivalent payable to holders of restricted stock units ("RSUs") as of March 26, 2015, of six cents per share and per unit.  The total payment of $1,087, comprised of dividend payments of $1,061 and dividend equivalent payments, net of estimated forfeitures, of $26, was paid on April 21, 2015.
	On February 28, 2014, the Board of Directors declared a dividend payable to stockholders of record as of March 17, 2014, of the Company's Common Stock and a dividend equivalent payable to holders of RSUs as of March 17, 2014, of five cents per share and per unit.  The total payment of $907, comprised of dividend payments of $884 and dividend equivalent payments, net of estimated forfeitures, of $23, was paid on April 9, 2014.
	Credit Agreement
	On February 27, 2015, the Company, as a guarantor and a party, and its subsidiaries, MGPI Processing, Inc., MGPI Pipeline, Inc., and MGPI of Indiana, LLC, as the borrowers, entered into a five-year, $80,000 revolving loan pursuant to a Second Amended and Restated Credit Agreement and associated schedules (the "Restated Credit Agreement") with Wells Fargo Bank, National Association, as Administrative Agent (the "Agent"). The Restated Credit Agreement amended and restated the Company’s former revolving credit facility under the Amended and Restated Credit Agreement between the Company and Wells Fargo Bank, National Association, as Lender, dated November 2, 2012, as amended. The Restated Credit Agreement differs from the Company’s prior revolving loan agreement by (i) increasing amount available under the revolving credit facility to $80,000, (ii) extending the maturity date to February 27, 2020, (iii) providing for the addition of U.S. Bank, National Association, as a lender, and (iv) reducing certain interest rates, and (v)  incorporating other modifications consistent with the increase in the loan amount and to reflect Wells Fargo’s status as the Agent. The loan fees incurred by the Company related to the Restated Credit Amendment through the quarter ended March 31, 2015 were $291 and are included in Other Assets on the Condensed Consolidated Balance Sheets. The loan fees are being amortized over the life of the Restated Credit Agreement.
	As of and for the quarter ended March 31, 2015, the Company was in compliance with the Restated Credit Agreement’s financial covenants and other restrictions.
	The amount of borrowings which the Company may make is subject to borrowing base limitations adjusted for the Fixed Asset Sub-Line collateral.  As of March 31, 2015, the Company's total outstanding borrowings under the credit facility were $7,018, comprised of $14 of revolver borrowing and $7,004 of fixed asset sub-line term loan borrowing, leaving $47,820 available for additional borrowings. The average interest rate for total borrowings of the Restated Credit Agreement at March 31, 2015 was 2.43 percent.
	New Accounting Pronouncements
	In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) which simplifies the presentation of debt issuance costs. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015 (and interim periods within those fiscal years) with early adoption permitted and retrospective application required. The Company is evaluating the effect that ASU 2015-03 will have on its consolidated financial statements and related disclosures. The impact to consolidated financial statements is not anticipated to be significant.
	On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The FASB has received multiple requests to delay the effective date of ASU No. 2014-09 and expects to decide in the second quarter of 2015 whether postponing the implementation date is necessary. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Equity_Method_Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments.
	As of March 31, 2015, the Company’s investments accounted for on the equity method of accounting consisted of the following: (1) 30 percent interest in ICP, which manufactures alcohol for fuel, industrial and beverage applications, and (2) 50 percent interest in D.M. Ingredients, GmbH, ("DMI"), which produces certain specialty starch and protein ingredients.
	Under a marketing agreement between ICP and the Company, (the "Marketing Agreement"), ICP manufactured and supplied food grade and industrial-use alcohol products for the Company, and the Company purchased, marketed and sold such products for a marketing fee.  Effective January 1, 2013, the Marketing Agreement expired, although the Company continues to source product from ICP.
	ICP’s revolving credit agreement with an affiliate of SEACOR has been amended and restated extending the maturity to January 1, 2016.  The Company has no further funding requirement to ICP.
	As further discussed in the Company's Form 10-K for the year ended December 31, 2014, during the quarter ended June 30, 2014, management reassessed the most likely events that would result in a recovery of its investment in ICP and determined that such a recovery would likely occur through cash distributions from ICP rather than through a sale or liquidation of ICP as formerly determined. As a result of this reassessment, during the quarter ended June 30, 2014, the Company remeasured its cumulative equity in the undistributed earnings of ICP. The cumulative effect of this change in estimate resulted in a decrease in equity method investment earnings of ICP of $1,882 for the period beginning April 1, 2013 and ending March 31, 2014, of which $1,180 relates to the quarter ended March 31, 2014.
	On July 23, 2014 ICP's alcohol production was interrupted resulting in inconsequential damage to equipment. Production was restarted on a limited basis on August 1, 2014, and ICP was back to normal production rates on or about August 14, 2014. ICP anticipates finalizing the business interruption and property insurance claims during second quarter of 2015. Insurance recoveries will be recognized when all contingencies to the insurance claims have been resolved and settlement has been reached with the insurer.
	On December 29, 2014, we gave notice to DMI and to our partner in DMI, Crespel and Dieters GmbH & Co. KG ("C&D"), to terminate the joint venture effective June 30, 2015. C&D also provided notice to terminate DMI effective June 30, 2015. Under German law, commencing on June 30, 2015, normal operations for DMI will cease and a one-year winding up process will begin. DMI has been the sole source of our supply of Trutex®/Wheatex® for the past 2 years.
	Summary Financial Information (unaudited)
	Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
			Quarter Ended
			March 31,		March 31,
			2015		2014
	ICP’s Operating results:
	Net sales (a)		$	39,598	$	58,849
	Cost of sales and expenses (b)		35,169		48,027
	Net income		$	4,429	$	10,822
	(a)	Includes related party sales to MGPI of $8,754 and $6,345 for the quarters ended March 31, 2015 and 2014, respectively.
	(b)	Includes depreciation and amortization of $662 and $671 for the quarters ended March 31, 2015 and 2014, respectively.
	The Company’s equity method investment earnings from joint ventures, based on unaudited financial statements, is as follows:
			Quarter Ended
			March 31,		March 31,
			2015		2014
	ICP (30% interest)		$	1,329	$	3,246
	DMI (50% interest)		23		88
			$	1,352	$	3,334
	The Company’s investment in joint ventures is as follows:
			March 31,		December 31,
			2015		2014
	ICP (30% interest)		$	13,252	$	11,924
	DMI (50% interest)		421		449
			$	13,673	$	12,373

Earnings_per_Share

Earnings per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share.
	The computations of basic and diluted earnings per share are as follows:
			Quarter Ended
			March 31,		March 31,
			2015		2014
	Operations:
	Net operating income(a)		$	5,070	$	4,785
	Less:  Amounts allocated to participating securities (nonvested shares and units)(b)		209		257
	Net income attributable to common shareholders		$	4,861	$	4,528
	Share information:
	Basic weighted average common shares(c)		17,395,659		17,246,251
	Incremental shares from potential dilutive securities (d)		713		—
	Diluted weighted average common shares		17,396,372		17,246,251
	Basic earnings per share		$	0.28	$	0.26
	Diluted earnings per share		$	0.28	$	0.26
	(a)	Net operating income attributable to all shareholders.
	(b)	Participating securities include 278,900 and 457,064 nonvested restricted shares for the quarters ended March 31, 2015 and 2014, respectively.
	(c)	Under the two-class method, basic weighted average common shares exclude outstanding nonvested, participating securities consisting of restricted share awards of 278,900 and  457,064 for the quarters ended March 31, 2015 and 2014, respectively.
	(d)	Anti-dilutive shares related to stock options totaled 0 and 10,000 for the quarters ended March 31, 2015 and 2014, respectively. There were dilutive shares related to stock options totaling 4,000 and 0 for the quarters ended March 31, 2015 and 2014, respectively. The dilutive shares resulted in potential dilutive securities of 713 and 0 for the quarters ended March 31, 2015 and 2014, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies.
	Commitments
	The Company has separate grain supply agreements to purchase its grain requirements for its Indiana and Atchison facilities, each with a single supplier. These grain supply agreements expire December 31, 2017.  At March 31, 2015, the Company had total commitments to purchase grain to be used in operations through June 2016 totaling $37,237.
	The Company has commitments to purchase natural gas at fixed prices and various dates through December 2015.  The commitment for these contracts at March 31, 2015 totaled $12,190.
	The Company has a supply contract for flour used in the production of protein and starch ingredients.  At March 31, 2015, the Company had purchase commitments aggregating $10,193 through December 2015.
	As of the quarter ended March 31, 2015, the Company's purchase commitment to replace the dryers damaged at the Indiana facility in the January 2014 fire, excluding installation costs, was $5,489. Purchases against this commitment were $3,849 for the quarter ended March 31, 2015. As of March 31, 2015, the remainder of the dryer replacement commitment and other commitments to acquire capital assets totaled $2,890.
	Contingencies
	There are various legal proceedings involving the Company and its subsidiaries. Management believes that the aggregate liabilities, if any, arising from such actions would not have a material adverse effect on the consolidated financial position or overall trends in results of operations of the Company.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	The provision of income taxes for the period ended March 31, 2015 was $3,059, for an effective tax rate for the period of 37.6 percent. The Company continues to evaluate all available positive and negative evidence to determine the likelihood of realization of the deferred tax assets and concluded that as of March 31, 2015, no changes to the remaining valuation allowance against capital loss carryovers and certain state income tax benefits were necessary at this time.
	The effective rate for the period ended March 31, 2014 was 1.7 percent, after consideration of utilization of certain deferred tax assets, primarily net operating loss carry forwards and the related impact to the valuation allowance. The provision of income taxes for the period ended March 31, 2014 was $81.

Derivative_Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments.
	Certain commodities the Company uses in its production process are exposed to market price volatility.  The Company's grain supply contracts for its Indiana and Atchison facilities permit the Company to purchase corn for delivery up to 12 months into the future, at negotiated prices.  The pricing for these contracts is based on a formula using several factors.  The Company has determined that the firm commitments to purchase corn under the terms of these contracts meet the normal purchases and sales exception as defined under ASC 815, Derivatives and Hedging, and has excluded the fair value of these commitments from recognition within its condensed consolidated financial statements until the actual contracts are physically settled.
	The Company’s production process also uses flour and natural gas. The contracts for flour and natural gas range from monthly contracts to multi-year supply arrangements; however, because the quantities involved have always been for amounts to be consumed within the normal expected production process, the Company has determined that these contracts meet the criteria for the normal purchases and sales exception and have excluded the fair value of these commitments from recognition within its condensed consolidated financial statements until the actual contracts are physically settled.  See Note 4. Commitments and Contingencies for a discussion of the Company’s corn, flour and natural gas purchase commitments.

Operating_Segments

Operating Segments	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Operating Segments	Operating Segments.
	The Company’s operations are classified into two reportable segments:  distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol, along with fuel grade alcohol, distillers feed, and corn oil, which are co-products of the Company’s food grade alcohol operations.  Ingredient solutions consists of specialty starches and proteins, commodity starch, and commodity protein.
	The following table provides operating profit for each segment based on net sales less identifiable operating expenses.  Non-direct selling, general and administrative, interest expense, investment income and other general miscellaneous expenses have been excluded from segment operations and classified as Corporate.  The Company’s management reporting does not assign or allocate special charges to the Company’s operating segments.  Receivables, inventories and equipment have been identified with the segments to which they relate.  All other assets are considered Corporate.
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Net Sales to Customers
	Distillery products	$	65,862		$	64,932
	Ingredient solutions	14,551			14,064
	Total	80,413			78,996
	Depreciation and Amortization
	Distillery products	2,171			2,089
	Ingredient solutions	575			583
	Corporate	345			370
	Total	3,091			3,042
	Income (Loss) before Income Taxes
	Distillery products	11,138			5,452
	Ingredient solutions	1,333			299
	Corporate	(4,342		)	(885		)
	Total	$	8,129		$	4,866
	The following table allocates assets to each segment:
		As of March 31, 2015			As of December 31, 2014
	Identifiable Assets
	Distillery products	$	103,405		$	98,791
	Ingredient solutions	24,077			23,324
	Corporate	39,105			38,484
	Total	$	166,587		$	160,599

Employee_and_NonEmployee_Benef

Employee and Non-Employee Benefit Plans	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee and Non-Employee Benefit Plans	Employee and Non-Employee Benefit Plans.
	Post Employment Benefits.  The Company and its subsidiaries provide certain post-employment health care and life insurance benefits to certain retired employees.  The liability for such benefits is unfunded.
	The components of the Net Periodic Benefit Cost/Income for the quarters ended March 31, 2015 and 2014, respectively, are as follows:
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Service cost	$	13		$	28
	Interest cost	35			47
	Amortization of prior service cost	(85		)	(155		)
	Amortization of net actuarial loss	70			—
	Total post-retirement benefit cost / (income)	$	33		$	(80	)
	The Company disclosed in its financial statements for the year ended December 31, 2014, amounts expected to be paid to plan participants.  There have been no revisions to these estimates and there have been no changes in the estimate of total employer contributions expected to be made for the year ended December 31, 2015.  The Company reclassified $15 of prior service cost and net actuarial loss from accumulated other comprehensive loss into post-retirement benefit loss for the quarter ended March 31, 2015 and $155 of prior service cost from accumulated other comprehensive loss into post-retirement benefit income for the quarter ended March 31, 2014.
	Total employer contributions accrued for the quarter ended March 31, 2015 were $164.
	The Society of Actuaries released its final reports of the pension plan RP-2014 Mortality Tables and the Mortality Improvement Scale MP-2014 on October 27, 2014.  The impact of this change in assumed mortality on post-employment benefits liability was included in the Company's post-employment plan valuation for the year ended December 31, 2014.
	Pension Benefits.  The Company and its subsidiaries also provide defined retirement benefits to certain employees covered under collective bargaining agreements.  Under the collective bargaining agreements, the Company’s pension funding contributions are determined as a percentage of wages paid.  The funding is divided between the defined benefit plans and a union 401(k) plan.  It has been management’s policy to fund the defined benefit plans in accordance with the collective bargaining agreements.  The collective bargaining agreements allow the plans’ trustees to develop changes to the pension plans to allow benefits to match funding, including reductions in benefits.  The benefits under these pension plans are based upon years of qualified credited service; however, benefit accruals under the defined benefit plans were frozen in 2009. In April 2015, the Company received approval from the Pension Benefit Guaranty Corporation to terminate the pension plans for employees covered under collective bargaining agreements. The projected funding by the Company to terminate the plans is approximately $758 and will be recognized in the period that the pension plan settlement is fully executed.
	The components of the Net Periodic Benefit Cost for the quarters ended March 31, 2015 and 2014, respectively, are as follows:
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Interest cost	$	9		$	22
	Expected return on plan assets	(11		)	(26		)
	Amortization of net actuarial loss	6			5
	Total pension benefit cost	$	4		$	1
	The Company reclassified $5 and $21 of expected return on plan assets and net actuarial loss from accumulated other comprehensive loss into pension benefit income for the quarters ended March 31, 2015 and 2014, respectively.
	The Company has made employer contributions to its pension plan of $0 and to its union 401(k) of $111 during the quarter ended March 31, 2015.
	The Society of Actuaries released its final reports of the pension plan RP-2014 Mortality Tables and the Mortality Improvement Scale MP-2014 on October 27, 2014.  Although new mortality tables were released, the Internal Revenue Service has stated that it will continue to use the 2000 tables through calendar 2015. Because as of March 31, 2015 the pension benefit plan was in process of termination and the actuarial valuation of the pension benefit plan at December 31, 2014 assumed that all remaining assets of the plan will be distributed to plan participants or transferred to an insurer during 2015 and that the pension trust account will be closed, the new mortality tables were not adopted.
	Equity-Based Compensation Plans.  As of March 31, 2015, the Company was authorized to issue 40,000,000 shares of Common Stock. The Company’s equity-based compensation plans provide for the awarding of stock options, stock appreciation rights, shares of Restricted Stock, and RSUs for senior executives and salaried employees as well as non-employee directors.
	As discussed in the Company's report on Form 10-K for the year ended December 31, 2014, the Company currently has two active equity-based compensation plans: the Employee Equity Incentive Plan of 2014 (the "2014 Plan") and the Non-Employee Director Equity Incentive Plan (the "Directors' Plan"). The plans were approved by shareholders at the Company's annual meeting in May 2014. The 2014 Plan had 1,500,000 shares registered for future grants and replaced the Stock Incentive Plan of 2004 (the "2004 Plan"), although the 2004 Plan had a remaining balance of 278,900 nonvested outstanding awards at March 31, 2015. The Directors' Plan had 300,000 shares registered for future grants and replaced the Stock Option Plan for Outside Directors (the "Directors' Option Plan") and the Non-Employee Directors' Restricted Stock Plan (the "Directors' Stock Plan"), although the Directors' Option Plan had a remaining balance of 4,000 unexercised awards at March 31, 2015.
	At the May 2014 annual meeting, shareholders also approved a new Employee Stock Purchase Plan (the "ESPP") with 300,000 shares registered for employee purchase. At March 31, 2015 the new ESPP was not yet active.
	The 2014 Plan provides that vesting occurs pursuant to the time period specified in the particular award agreement approved for that issuance of RSUs, which is not less than three years unless vesting is accelerated due to the occurrence of certain events. The compensation expense related to awards granted under the 2014 Plan during calendar year 2014 and early calendar 2015 is based on the market price of the stock on the date the Board of Directors approved the grant and is being amortized over the service vesting period of the award. In February 2015 the Board of Directors approved a requirement that certain Company performance metrics be met in order for awards to be granted under the 2014 Plan. The compensation expense related to awards granted under the 2014 Plan after February 2015 is based on the market price of the stock on the date the Board of Directors approves the grant and is amortized over the performance and service vesting period of the award. As of March 31, 2015, 95,702 shares had been granted under the 2014 Plan.
	The Directors' Plan provides that vesting occurs pursuant to the time period specified in the particular award agreement approved for that issuance of RSUs, which is not less than one year unless vesting is accelerated due to the occurrence of certain events.  As of March 31, 2015, 16,360 shares had been granted related to the Directors' Plan. The vesting of the awards was accelerated and occurred on December 16, 2014 following approval by the Company's Board of Directors.  The compensation expense related to awards granted under the Directors' Plan is based on the market price of the stock on the date the Board of Directors approves the grant and amortized over the vesting period.
	As of March 31, 2015, 770,890 shares of Restricted Stock and RSUs were outstanding under the Company’s active and inactive long-term incentive plans. As well, 4,000 unexercised stock options were outstanding.

Industrial_Revenue_Bond

Industrial Revenue Bond	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Industrial Revenue Bond	Industrial Revenue Bond.
	On December 28, 2006, the Company engaged in an industrial revenue bond transaction with the City of Atchison, Kansas (the "City") and received a ten-year real property tax abatement on its newly constructed office building and technical center in Atchison, Kansas. The Company recorded the office building and technical center assets as property and equipment on the consolidated balance sheets.  Pursuant to this transaction, the City issued $7,000 principal amount of bonds to the Company. The City used the proceeds to purchase the office building and technical center from the Company.  The City then leased the facilities back to the Company under a capital lease, the terms of which provide for the payment of basic rent in an amount sufficient to pay interest at a rate 4.9 percent on the bonds, payable annually on December 1st of each year.  A balloon payment of $7,000 will be due upon maturity on December 1, 2016.  The Company’s obligation to pay rent under the lease provides for both the same interest and balloon payment amounts and the same due dates as the City’s obligation to pay debt service on the bonds, which the Company holds. The lease permits the Company to present the bonds at any time for cancellation, upon which our obligation to pay basic rent would be cancelled.  The Company does not intend to do this until their maturity date on December 1, 2016, at which time the Company may elect to purchase the facilities for $100 (one hundred dollars).  Because the Company owns all of the outstanding bonds and related capital lease obligation, the $7,000 balloon payment at maturity will be a non-cash transaction cancelling both the investment and lease obligation. Because management considers the debt cancelled at maturity, no investment or related obligation under the capital lease is reflected on our balance sheet.  In connection with this transaction, the Company agreed to pay the City an administrative fee of $50, which is payable over 10 years.  If the Company were to present the bonds for cancellation prior to maturity, the payment of the remainder of the $50 fee would be accelerated.
	Below is a summary of the financial asset and liability that are offset at March 31, 2015 and December 31, 2014, respectively.
		(i)			(ii)			(iii) =i) - (ii)
	Description	Gross			Gross			Net Amounts of
		Amounts of			Amounts			Assets (Liabilities)
		Recognized			offset in the			presented in the
		Assets			Balance Sheet			Balance Sheet
		(Liabilities)
	March 31, 2015
	Investment in bonds	$	7,000		$	7,000		$	—
	Capital lease obligation	$	(7,000	)	$	(7,000	)	$	—
	31-Dec-14
	Investment in bonds	$	7,000		$	7,000		$	—
	Capital lease obligation	$	(7,000	)	$	(7,000	)	$	—

Severance_Costs

Severance Costs	3 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Severance Costs	Severance Costs
	On December 3, 2013, the Company entered into a settlement agreement, pursuant to which the Company terminated its then-Chief Executive Officer and President. In connection with the settlement agreement, the Company agreed to pay severance and transition services costs, exclusive of out-of-pocket expenses, totaling $915. Certain other members of management were also terminated in 2013 and 2014. Activity related to severance costs for the quarters ended March 31, 2015 and 2014 was as follows:
		Quarter Ended
		March 31, 2015			March 31, 2014
	Balance at beginning of period	$	89		$	1,142
	Provision for additional expense	—			129
	Payments and adjustments	(53		)	(572		)
	Balance at end of period	$	36		$	699
	Severance costs are included in Selling, general and administrative expenses on the Condensed Consolidated Statements of Comprehensive Income and the related accrual is included in Accrued expenses on the Condensed Consolidated Balance Sheets.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	Dividends and Dividend Equivalents
	As previously discussed in Note 1. Accounting Policies and Basis of Presentation, the Company paid a dividend and dividend equivalent payment of $1,087, on April 21, 2015, comprised of dividend payments of $1,061 and dividend equivalent payments, net of estimated forfeitures, of $26.
	Termination of Pension Plans
	In April 2015, the Company received approval from the Pension Benefit Guaranty Corporation to terminate the pension plans for employees covered under collective bargaining agreements. The projected funding by the Company to terminate the plans is approximately $758 and will be recognized in the period that the pension plan settlement is fully executed.

Accounting_Policies_and_Basis_1

Accounting Policies and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation
	The accompanying unaudited condensed consolidated financial statements of the Company reflect all adjustments (consisting only of normal adjustments) which, in the opinion of the Company’s management, are necessary to fairly present the financial position, results of operations and cash flows of the Company.  All intercompany balances and transactions have been eliminated in consolidation.
	These unaudited condensed consolidated financial statements as of and for the year to date period ended March 31, 2015 should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission ("SEC").  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.
Use of Estimates	Use of Estimates
	The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
Inventory	Inventory
	Inventory includes finished goods, barreled distillate, raw materials in the form of agricultural commodities used in the production process, work in process, and certain maintenance and repair items.  Whiskey and bourbon must be aged in barrels for several years, following industry practice; all barreled whiskey and bourbon is classified as a current asset. The Company includes warehousing, insurance, and other carrying charges applicable to barreled whiskey in inventory costs.
	Inventories are stated at the lower of cost or market on the first-in, first-out ("FIFO") method.
Equity Method Investments	Equity Method Investments
	The Company accounts for its investment in non-consolidated subsidiaries under the equity method of accounting when the Company has significant influence, but does not have more than 50 percent voting control, and is not considered the primary beneficiary.  Under the equity method of accounting, the Company reflects its investment in non-consolidated subsidiaries within the Company’s Condensed Consolidated Balance Sheets as Equity method investments; the Company’s share of the earnings or losses of the non-consolidated subsidiaries are reflected as Equity method investment earnings in the Condensed Consolidated Statements of Comprehensive Income.
	The Company reviews its investments in non-consolidated subsidiaries for impairment whenever events or changes in business circumstances indicate that the carrying amount of the investments may not be fully recoverable. Evidence of a loss in value that is other than temporary include, but are not limited to, the absence of an ability to recover the carrying amount of the investment, the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment, or, where applicable, estimated sales proceeds which are insufficient to recover the carrying amount of the investment. If the fair value of the investment is determined to be less than the carrying value and the decline in value is considered to be other than temporary, an appropriate write-down is recorded based on the excess of the carrying value over the best estimate of fair value of the investment.
Revenue Recognition	Revenue Recognition
	Except as discussed below, revenue from the sale of the Company’s products is recognized as products are delivered to customers according to shipping terms and when title and risk of loss have transferred. Income from various government incentive programs is recognized as it is earned.
	The Company’s distillery segment produces unaged distillate and this product is frequently barreled and warehoused at a Company location for an extended period of time in accordance with directions received from the Company’s customers.  This product must meet customer acceptance specifications, the risks of ownership and title for these goods must be passed to the Company’s customers, and requirements for bill and hold revenue recognition must be met prior to the Company recognizing revenue for this product.  Separate warehousing agreements are maintained for customers who store their product with the Company, and warehouse revenues are recognized as the service is provided.
Recognition of Insurance Recoveries	Recognition of Insurance Recoveries
	Estimated loss contingencies are recognized as charges to income when they are probable and reasonably estimable.  Insurance recoveries are not recognized until all contingencies related to the insurance claim have been resolved and settlement has been reached with the insurer.  Insurance recoveries, to the extent of costs and losses, are reported as a reduction to Cost of sales on the Condensed Consolidated Statements of Comprehensive Income.  Insurance recoveries, in excess of costs and losses, if any, are included in Insurance recoveries on the Condensed Consolidated Statements of Comprehensive Income.
Income Taxes	Income Taxes
	The Company accounts for income taxes using an asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.  A valuation allowance is recognized if it is more likely than not that at least some portion of the deferred tax asset will not be realized.
	Evaluating the need for, and amount of, a valuation allowance for deferred tax assets often requires significant judgment and extensive analysis of all available evidence on a jurisdiction-by-jurisdiction basis. Such judgments require the Company to interpret existing tax law and other published guidance as applied to our circumstances. As part of this assessment, the Company considers both positive and negative evidence about its profitability and tax situation. A valuation allowance is provided if, based on available positive and negative evidence, it is more likely than not that all or some portion of a deferred tax asset will not be realized.
	Accounting for uncertainty in income tax positions requires management judgment and the use of estimates in determining whether the impact of a tax position is "more likely than not" of being sustained. The Company considers many factors when evaluating and estimating its tax positions, which may require periodic adjustment and which may not accurately anticipate actual outcomes. It is reasonably possible that amounts reserved for potential exposure could change significantly as a result of the conclusion of tax examinations and, accordingly, materially affect the Company’s reported net income after tax.
Earnings per Share	Earnings per Share
	Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends and dividend equivalents declared and participation rights in undistributed earnings.  Per share amounts are computed by dividing net income from continuing operations attributable to common shareholders by the weighted average shares outstanding during the period.
Impairment	Impairment
	The Company tests its long-lived assets and instruments for impairment whenever events or conditions and circumstances indicate a carrying amount of an asset may not be recoverable.  No events or conditions occurred during the quarter or year to date periods ended March 31, 2015 that required the Company to test its long-lived assets for impairment.
Fair Value Measurements	Fair Value Measurements
	The fair value of an asset is considered to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The fair value hierarchy gives the highest priority to quoted market prices (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of inputs used to measure fair value are as follows:
	•	Level 1 - quoted prices in active markets for identical assets or liabilities accessible by the reporting entity.
	•	Level 2 - observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3 - unobservable inputs for an asset or liability. Unobservable inputs should only be used to the extent observable inputs are not available.
	The Company’s short-term financial instruments include cash and cash equivalents, accounts receivable and accounts payable.  The carrying value of the short term financial instruments approximates the fair value due to their short-term nature. These financial instruments have no stated maturities or the financial instruments have short-term maturities that approximate market.
New Accounting Pronouncements	New Accounting Pronouncements
	In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) which simplifies the presentation of debt issuance costs. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015 (and interim periods within those fiscal years) with early adoption permitted and retrospective application required. The Company is evaluating the effect that ASU 2015-03 will have on its consolidated financial statements and related disclosures. The impact to consolidated financial statements is not anticipated to be significant.
	On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The FASB has received multiple requests to delay the effective date of ASU No. 2014-09 and expects to decide in the second quarter of 2015 whether postponing the implementation date is necessary. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Accounting_Policies_and_Basis_2

Accounting Policies and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Inventory	Inventory consists of the following:
		March 31,		December 31,
		2015		2014
	Finished goods	$	11,500	$	10,039
	Barreled distillate	12,199		11,114
	Work in process	2,089		2,023
	Raw materials	5,496		5,440
	Maintenance materials	5,232		4,913
	Other	1,138		912
	Total	$	37,654	$	34,441

Equity_Method_Investments_Tabl

Equity Method Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
			Quarter Ended
			March 31,		March 31,
			2015		2014
	ICP’s Operating results:
	Net sales (a)		$	39,598	$	58,849
	Cost of sales and expenses (b)		35,169		48,027
	Net income		$	4,429	$	10,822
	(a)	Includes related party sales to MGPI of $8,754 and $6,345 for the quarters ended March 31, 2015 and 2014, respectively.
	(b)	Includes depreciation and amortization of $662 and $671 for the quarters ended March 31, 2015 and 2014, respectively.
	The Company’s investment in joint ventures is as follows:
			March 31,		December 31,
			2015		2014
	ICP (30% interest)		$	13,252	$	11,924
	DMI (50% interest)		421		449
			$	13,673	$	12,373
The Company's Equity in Earnings (Loss) of Joint Ventures	The Company’s equity method investment earnings from joint ventures, based on unaudited financial statements, is as follows:
			Quarter Ended
			March 31,		March 31,
			2015		2014
	ICP (30% interest)		$	1,329	$	3,246
	DMI (50% interest)		23		88
			$	1,352	$	3,334

Earnings_per_Share_Tables

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computations of basic and diluted earnings per share are as follows:
			Quarter Ended
			March 31,		March 31,
			2015		2014
	Operations:
	Net operating income(a)		$	5,070	$	4,785
	Less:  Amounts allocated to participating securities (nonvested shares and units)(b)		209		257
	Net income attributable to common shareholders		$	4,861	$	4,528
	Share information:
	Basic weighted average common shares(c)		17,395,659		17,246,251
	Incremental shares from potential dilutive securities (d)		713		—
	Diluted weighted average common shares		17,396,372		17,246,251
	Basic earnings per share		$	0.28	$	0.26
	Diluted earnings per share		$	0.28	$	0.26
	(a)	Net operating income attributable to all shareholders.
	(b)	Participating securities include 278,900 and 457,064 nonvested restricted shares for the quarters ended March 31, 2015 and 2014, respectively.
	(c)	Under the two-class method, basic weighted average common shares exclude outstanding nonvested, participating securities consisting of restricted share awards of 278,900 and  457,064 for the quarters ended March 31, 2015 and 2014, respectively.
	(d)	Anti-dilutive shares related to stock options totaled 0 and 10,000 for the quarters ended March 31, 2015 and 2014, respectively. There were dilutive shares related to stock options totaling 4,000 and 0 for the quarters ended March 31, 2015 and 2014, respectively. The dilutive shares resulted in potential dilutive securities of 713 and 0 for the quarters ended March 31, 2015 and 2014, respectively.

Operating_Segments_Tables

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Net Sales to Customers
	Distillery products	$	65,862		$	64,932
	Ingredient solutions	14,551			14,064
	Total	80,413			78,996
	Depreciation and Amortization
	Distillery products	2,171			2,089
	Ingredient solutions	575			583
	Corporate	345			370
	Total	3,091			3,042
	Income (Loss) before Income Taxes
	Distillery products	11,138			5,452
	Ingredient solutions	1,333			299
	Corporate	(4,342		)	(885		)
	Total	$	8,129		$	4,866
Schedule Of Segment Reporting Identifiable Assets	The following table allocates assets to each segment:
		As of March 31, 2015			As of December 31, 2014
	Identifiable Assets
	Distillery products	$	103,405		$	98,791
	Ingredient solutions	24,077			23,324
	Corporate	39,105			38,484
	Total	$	166,587		$	160,599

Employee_and_NonEmployee_Benef1

Employee and Non-Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs	The components of the Net Periodic Benefit Cost/Income for the quarters ended March 31, 2015 and 2014, respectively, are as follows:
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Service cost	$	13		$	28
	Interest cost	35			47
	Amortization of prior service cost	(85		)	(155		)
	Amortization of net actuarial loss	70			—
	Total post-retirement benefit cost / (income)	$	33		$	(80	)
	The components of the Net Periodic Benefit Cost for the quarters ended March 31, 2015 and 2014, respectively, are as follows:
		Quarter Ended
		March 31,			March 31,
		2015			2014
	Interest cost	$	9		$	22
	Expected return on plan assets	(11		)	(26		)
	Amortization of net actuarial loss	6			5
	Total pension benefit cost	$	4		$	1

Industrial_Revenue_Bond_Tables

Industrial Revenue Bond (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Summary Of Industrial Revenue Bond Off Sets	Below is a summary of the financial asset and liability that are offset at March 31, 2015 and December 31, 2014, respectively.
		(i)			(ii)			(iii) =i) - (ii)
	Description	Gross			Gross			Net Amounts of
		Amounts of			Amounts			Assets (Liabilities)
		Recognized			offset in the			presented in the
		Assets			Balance Sheet			Balance Sheet
		(Liabilities)
	March 31, 2015
	Investment in bonds	$	7,000		$	7,000		$	—
	Capital lease obligation	$	(7,000	)	$	(7,000	)	$	—
	31-Dec-14
	Investment in bonds	$	7,000		$	7,000		$	—
	Capital lease obligation	$	(7,000	)	$	(7,000	)	$	—

Severance_Costs_Tables

Severance Costs (Tables)	3 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Activity related to severance costs for the quarters ended March 31, 2015 and 2014 was as follows:
		Quarter Ended
		March 31, 2015			March 31, 2014
	Balance at beginning of period	$	89		$	1,142
	Provision for additional expense	—			129
	Payments and adjustments	(53		)	(572		)
	Balance at end of period	$	36		$	699

Accounting_Policies_and_Basis_3

Accounting Policies and Basis of Presentation (Detail) - Inventory (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounting Policies [Abstract]
Finished goods	$11,500	$10,039
Barreled distillate	12,199	11,114
Work in process	2,089	2,023
Raw materials	5,496	5,440
Maintenance materials	5,232	4,913
Other	1,138	912
Total	$37,654	$34,441

Accounting_Policies_and_Basis_4

Accounting Policies and Basis of Presentation (Detail) (USD $)	0 Months Ended			3 Months Ended		0 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 26, 2015	Apr. 09, 2014	Feb. 28, 2014	Mar. 31, 2015	Mar. 31, 2014	Apr. 21, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Common stock, dividends, per share, declared (in Dollars per share)	$0.06		$0.05
Payments of dividends		$907
Dividends paid with cash		884
Dividend equivalent payments		23
Shipping and handling revenue				3,399	3,490
Insurance recoveries					460
Debt instrument, fair value disclosure				10,301			10,297
Long-term debt, gross				10,233			10,283
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of dividends						1,087
Dividends paid with cash						1,061
Dividend equivalent payments						$26

Accounting_Policies_and_Basis_5

Accounting Policies and Basis of Presentation - Debt (Details) (USD $)	0 Months Ended
	Feb. 27, 2015	Mar. 31, 2015	Feb. 27, 2015
Line of Credit Facility [Line Items]
Outstanding borrowings under credit facility		$7,018,000
Credit facility, remaining borrowing capacity		47,820,000
Average interest rate		2.43%
Revolver borrowings [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings under credit facility		14,000
Fixed asset sub-line term loan [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings under credit facility		7,004,000
Second Amended and Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Debt instrument, term	5 years
Maximum borrowing capacity	80,000,000		80,000,000
Unamortized loan fees		$291,000

Equity_Method_Investments_Deta

Equity Method Investments (Detail) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2014	Jun. 29, 2014
Schedule of Equity Method Investments [Line Items]
Business wind down period	1 year
Period for DMI being sole supplier	2 years
DMI [Member]
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage (percent)	50.00%
ICP [Member]
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage (percent)				30.00%
Decrease in related equity method investment earnings due to reassessment		$1,180	$1,882
Related party sales to MGPI	8,754	6,345
Depreciation and amortization	$662	$671

Equity_Method_Investments_Oper

Equity Method Investments - Operating Results (Details) (ICP [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
ICP [Member]
Schedule of Equity Method Investments [Line Items]
Net sales	$39,598	$58,849
Cost of sales and expenses	35,169	48,027
Net income	$4,429	$10,822

Equity_Method_Investments_Deta1

Equity Method Investments (Detail) - The Company’s Equity in Earnings (Loss) of Joint Ventures (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity in earnings (loss) of joint ventures	$1,352	$3,334
ICP [Member]
Schedule of Equity Method Investments [Line Items]
Equity in earnings (loss) of joint ventures	1,329	3,246
DMI [Member]
Schedule of Equity Method Investments [Line Items]
Equity in earnings (loss) of joint ventures	$23	$88

Equity_Method_Investments_Deta2

Equity Method Investments (Detail) - The Company's Investment in Joint Ventures (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$13,673	$12,373
ICP [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	13,252	11,924
DMI [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$421	$449

Earnings_per_Share_Detail_The_

Earnings per Share (Detail) - The Computations of Basic and Diluted Earnings (Loss) Per Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operations:
Net operating income	$5,070	$4,785
Less: Amounts allocated to participating securities (nonvested shares and units)	209	257
Net income attributable to common shareholders	$4,861	$4,528
Share information:
Basic weighted average common shares	17,395,659	17,246,251
Potential dilutive securities	713	0
Diluted weighted average common shares	17,396,372	17,246,251
Basic earnings per share (dollars per share)	$0.28	$0.26
Diluted earnings per share (dollars per share)	$0.28	$0.26

Earnings_per_Share_Detail

Earnings per Share (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	10,000
Dilutive securities	4,000	0
Potential dilutive securities	713	0
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock	278,900	457,064

Commitments_and_Contingencies_

Commitments and Contingencies (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Long-term Purchase Commitment [Line Items]
Commitments	$37,237
MMBTU Natual Gas Dollar Equivalent [Member]
Long-term Purchase Commitment [Line Items]
Commitments	12,190
Pounds Of Flour Dollar Equivalent [Member]
Long-term Purchase Commitment [Line Items]
Commitments	10,193
Dryers [Member]
Long-term Purchase Commitment [Line Items]
Commitments	5,489
Purchases made against commitment	3,849
Capital Expenditures [Member]
Long-term Purchase Commitment [Line Items]
Aggregate purchase commitments	$2,890

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Income tax provision	$3,059	$81
Effective tax rate	37.60%	1.70%

Operating_Segments_Detail

Operating Segments (Detail)	3 Months Ended
	Mar. 31, 2015
	segment
Segment Reporting [Abstract]
Number of reportable segments	2

Operating_Segments_Detail_Oper

Operating Segments (Detail) - Operating Profit (Loss) for Each Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Sales to Customers
Net Sales to Customers	$80,413	$78,996
Depreciation and Amortization
Depreciation and Amortization	3,091	3,042
Income (Loss) before Income Taxes
Income (Loss) before Income Taxes	8,129	4,866
Distillery Products [Member]
Net Sales to Customers
Net Sales to Customers	65,862	64,932
Depreciation and Amortization
Depreciation and Amortization	2,171	2,089
Income (Loss) before Income Taxes
Income (Loss) before Income Taxes	11,138	5,452
Ingredient Solutions [Member]
Net Sales to Customers
Net Sales to Customers	14,551	14,064
Depreciation and Amortization
Depreciation and Amortization	575	583
Income (Loss) before Income Taxes
Income (Loss) before Income Taxes	1,333	299
Corporate [Member]
Depreciation and Amortization
Depreciation and Amortization	345	370
Income (Loss) before Income Taxes
Income (Loss) before Income Taxes	($4,342)	($885)

Operating_Segments_Detail_Iden

Operating Segments (Detail) - Identifiable Assets for Each Segment (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]
Identifiable Assets	$166,587	$160,599
Distillery Products [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	103,405	98,791
Ingredient Solutions [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	24,077	23,324
Corporate [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$39,105	$38,484

Employee_and_NonEmployee_Benef2

Employee and Non-Employee Benefit Plans (Detail) - Net Periodic Benefit Cost (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Post Retirement Health Care And Life Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$13	$28
Interest cost	35	47
Amortization of prior service cost	-85	-155
Amortization of net actuarial loss	70	0
Total post-retirement benefit cost / (income)	33	-80
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	9	22
Expected return on plan assets	-11	-26
Amortization of net actuarial loss	6	5
Total post-retirement benefit cost / (income)	$4	$1

Employee_and_NonEmployee_Benef3

Employee and Non-Employee Benefit Plans (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	30-May-14
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other comprehensive income reclassification of defined benefit plan prior service cost and net actuarial loss	($15)	($155)
Other comprehensive income (loss), reclassification of net actuarial loss from accumulated other comprehensive loss into pension benefit income	5	21
Employer contributions to 401 (k)	111
Common stock, shares authorized (in shares)	40,000,000		40,000,000
Post Retirement Health Care And Life Benefits [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined benefit plan, contributions by employer	164
Pension Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined benefit plan, contributions by employer	$0
The 2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,500,000
Grants in period (in shares)	95,702
The 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, nonvested, number (in shares)			278,900
Directors Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, nonvested, number (in shares)			4,000
Number of shares authorized (in shares)	300,000
Grants in period (in shares)	16,360
Employee Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				300,000
Minimum [Member] | Non-Employee Director Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, nonvested, number (in shares)	770,890

Industrial_Revenue_Bond_Detail

Industrial Revenue Bond (Detail) (USD $)	0 Months Ended	3 Months Ended
	Dec. 28, 2006	Mar. 31, 2015
Debt Instrument [Line Items]
Real property tax abatement period	10 years
Special assessment bond	$7,000,000
Industrial revenue bonds balloon payment		7,000,000
Capital leases end of lease bargain purchase price		100
Municipal administrative fee		50,000
Industrial Revenue Bonds [Member]
Debt Instrument [Line Items]
Municipal administrative fee payment period		10 years
Accelerated Payment Terms [Member]
Debt Instrument [Line Items]
Municipal administrative fee		$50,000
Industrial Revenue Bonds [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage (percent)	4.90%

Industrial_Revenue_Bond_Detail1

Industrial Revenue Bond (Detail) - Summary of Financial Assets and Liabilities that are Offset (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Gross Amounts Of Recognized Assets Liabilities [Member]
Offsetting Assets and Liabilities [Line Items]
Investment in bonds	$7,000	$7,000
Capital lease obligation	-7,000	-7,000
Gross Amounts Off Set In The Balance Sheet [Member]
Offsetting Assets and Liabilities [Line Items]
Investment in bonds	7,000	7,000
Capital lease obligation	-7,000	-7,000
Net Amounts Of Assets Liabilities Presented In The Balance Sheet [Member]
Offsetting Assets and Liabilities [Line Items]
Investment in bonds	0	0
Capital lease obligation	$0	$0

Severance_Costs_Detail

Severance Costs (Detail) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Dec. 03, 2013	Mar. 31, 2015	Mar. 31, 2014
Chief Executive Officer [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	$915
Severance [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of year		89	1,142
Provision for additional expense		0	129
Payments and adjustments		-53	-572
Balance at end of period		$36	$699

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Apr. 09, 2014	Apr. 21, 2015	Apr. 30, 2015
Subsequent Event [Line Items]
Payments of dividends	$907
Dividends paid with cash	884
Dividend equivalent payments	23
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of dividends		1,087
Dividends paid with cash		1,061
Dividend equivalent payments		26
Projected cost of plan termination			$758